Krish Kumar / Future Fractal Investments / Arcane Resonance Fund
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anchored·2xZrXA…1TkHSummary
Krish Kumar, a 19-year-old college freshman from Tulsa, Oklahoma, is the subject of settled civil charges filed by the SEC on March 26, 2026, for allegedly misappropriating nearly $7 million from two crypto-focused investment funds he solely managed: Future Fractal Investments LLC and Arcane Resonance Fund LLC. Between January 2024 and February 2025, Kumar raised approximately $7.8 million from roughly two dozen investors, then transferred the vast majority of those assets to personal accounts, lost approximately 98% by purchasing speculative options in a Bitcoin mining company over four trading days, and allegedly fabricated performance records including a photoshopped brokerage screenshot. Kumar later launched a second fund targeting parents of college friends, in a structure the SEC characterizes as resembling a Ponzi scheme.
Connected Entities
1 entities · 10 linked investigations- + 5 more
Timeline(15 events)
January 2024
Kumar begins actively raising capital for Future Fractal from Tulsa-area contacts, representing a proprietary algorithmic options strategy limited to two index ETFs.
SEC Litigation Release LR-2650730 January 2024
Future Fractal's second active trading day — the SEC alleges Kumar began trading outside the represented strategy on this date.
InvestmentNews3 February 2024
Kumar allegedly sends investors a fraudulent performance email claiming a 15.7% first-week return; the SEC alleges the fund had actually generated approximately a $470,000 loss.
InvestmentNewsFebruary 2024
Kumar allegedly begins transferring more than $5.6 million of Future Fractal assets to personal and nominee accounts, continuing into early March 2024.
SEC Litigation Release LR-26507March 2024
Kumar allegedly uses transferred Future Fractal funds to purchase 33,009 option contracts in a publicly traded Bitcoin mining company. Approximately 98% of the transferred assets are lost over four trading days.
SEC Litigation Release LR-2650714 March 2024
Kumar allegedly emails Future Fractal investors attributing the losses to ETF trades and a stop-loss order, attaching what the SEC describes as a photoshopped brokerage screenshot.
InvestmentNewsMay 2024
Kumar launches Arcane Resonance Fund LLC, targeting a new group of investors — predominantly parents of college friends — and begins raising capital.
SEC Litigation Release LR-26507February 2025
Final Arcane Resonance Fund investment received; total Arcane fundraise reaches approximately $1.8 million from 10 investors.
FA Magazine26 March 2026
SEC files settled civil charges (LR-26507) against Krish Kumar in the U.S. District Court for the Northern District of Oklahoma. Kumar consents to bifurcated judgment with permanent injunctions; monetary remedies reserved for later court determination.
SEC.gov31 March 2026
Judge Claire V. Eagan enters a bifurcated judgment against Kumar.
PACER Monitor — SEC v. Kumar 4:26-cv-0018429 April 2026
SEC files motion for remedies and entry of final judgment, including disgorgement, interest, civil penalties, and five-year conduct bars.
PACER Monitor — SEC v. Kumar 4:26-cv-001848 May 2026
Court grants Kumar an extension; his response to the remedies motion is due June 15, 2026; SEC reply due June 29, 2026.
PACER Monitor — SEC v. Kumar 4:26-cv-0018418 May 2026
Attorney Samuel Thomas Black appears as counsel for defendant Krish Kumar.
PACER Monitor — SEC v. Kumar 4:26-cv-00184Decision Log
- hash: 59vsgtLLMyeom3rhnDwmp4kRLh5PzLyKAzYrFmNj5nqN
This investigation is cryptographically anchored to the Solana blockchain (1 event). 8 of 8 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/2/2026, 11:06:23 PM
last updated: 7/26/2026, 11:10:20 PM
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